Market Size of asia-pacific engineering plastics Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2029) | USD 97.7 Billion |
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Market Size (2023) | USD 63.9 Billion |
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Largest Share by End User Industry | Electrical and Electronics |
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CAGR (2023 - 2029) | 7.34 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-pacific Engineering Plastics Market Analysis
The Asia-pacific Engineering Plastics Market is projected to register a CAGR of 7.34%
- Electrical and Electronics is the Largest End User Industry. The electronics segment occupied the highest market share due to the widespread applications of engineering plastics like ABS/SAN, PC, and PA in advanced and smart electrical devices.
- Electrical and Electronics is the Fastest-growing End User Industry. The electronics industry is expected to witness the fastest growth due to the properties of engineering plastics such as lightweight, higher flexibility, and good fire resistivity.
- Styrene Copolymers (ABS and SAN) is the Largest Resin Type. Styrene copolymers have wide applications in the automotive, aerospace, and electronics industries, and they accounted for the largest share in 2022.
- China is the Largest Country. China dominated the market due to the high demand for engineering plastics in industries, including packaging, electrical and electronics, and automotive, along with strong economic growth in recent years.
